The recent change in tack comes amid other plans to liberalise Vietnam's financial markets. Meanwhile, the first locally listed exchange-traded funds are in the pipeline.
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It is taking longer than planned for Vietnam's Dragon Capital to hit $50 million for its new private equity fund. Meanwhile, it is eyeing microfinance and plans to use Ucits to sell into Europe.
The firm establishes a private equity vehicle in partnership with FIDP to target deals in Vietnam, Cambodia and Laos.
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